The most important and hardest part of trust minimization is governance minimization.
-
there’s an abyss between governance minimisation and governance elimination
Not if the rules and simple and can be secured, as is the case with Bitcoin.
![Damian Mee 😷 [🇭🇰♥️Hong Kong]](https://pbs.twimg.com/profile_images/558789649515020288/FhQvpcN1_normal.jpeg)
-
-
if the rules are simple and can be secured (automated?) then that is protocol not governance. If you choose to eliminate, then there is no abyss, but there is also no governance.
-
indeed, that's what Bitcoiners have been trying to say: governance is a dirty word! no governance.
-
And indeed governance minimization, via substituting security protocol for governance wherever possible, is why Bitcoin's market cap dwarfs that of any altcoin, and especially dwarfs the "governance-uber-alles" shitcoins.
-
Definitely nothing to do with first mover advantage?
-
Excuses excuses.
-
But then MySpace also had first mover advantage
End of conversation
New conversation -
-
-
can’t wait for
#Bitcoin mining pool centralization minimization solution
#MiningPoolChinaAttackVector https://arxiv.org/pdf/1810.02466.pdf …pic.twitter.com/oNsJCbLdIm
Thanks. Twitter will use this to make your timeline better. UndoUndo
-
Loading seems to be taking a while.
Twitter may be over capacity or experiencing a momentary hiccup. Try again or visit Twitter Status for more information.